What should I pay attention to after overdue repayment of credit cards?
For the previous overdue regulations of credit cards, credit cards have to charge a certain amount of late fees, but in the last revision of the credit card regulations, the late fees became liquidated damages. So now credit card overdue penalty interest. After the cardholder's credit card is overdue, the bank will take 5% of the unpaid minimum repayment amount this month as a penalty, and of course it will also charge a certain penalty interest. If the payment is overdue for more than three months, the penalty interest and liquidated damages will be paid first.
It is said that credit card overdue and online loan overdue are the same. It's just a contract dispute. I won't go to jail. Is that really the case? In fact, credit card overdue and online loan overdue are different. It is a civil contract dispute and does not bear criminal responsibility. However, if the overdue amount reaches a certain level, or if it is judged as credit card fraud due to malicious overdraft, it needs to bear criminal responsibility. In the past, the standard of overdue sentence for credit cards was 1 10,000 yuan, but now it has risen to 50,000 yuan. Although the amount has increased, it is easier to determine criminal responsibility.
As we all know, credit cards are interest-free for a certain period of time. The interest-free time of credit cards has also been improved in the latest revised rules. It is also a discount for cardholders.
If you use a credit card, you can't repay it. Then you can apply to the bank, and the bank's investigation clearly shows that you are unable to repay. The repayment agreement with a maximum of five years (60 months) can be modified. After the agreement is established, the bank stops collecting penalty interest and liquidated damages.